Leeds Chinese Community School
Charity number 516097
Annual Report and Financial Statements
for the year ended 31 August 2024
Leeds Chinese Community School
Annual Report and Financial Statements for the year ended 31 August 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 4 |
| Examiner's report | 5 |
| Receipts and payments account | 6 |
| Statement of assets and liabilities | 7 |
| Notes to the accounts | 8 to 9 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Leeds Chinese Community School
Trustees' report for the year ended 31 August 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Bei Gao Chair Resigned 5 May 2024 Kayan Tsang Deputy Chair Michelle Lam Safeguarding Yi Ling Chan Safeguarding Fiona Kit Treasurer Man Chiu Leung Health & Safety Officer Resigned 5 May 2024 Lisa Cheng Danilu Liu Child Protection Resigned 18 March 2024 Fu Yin Heinberg Resigned 5 May 2024 Yue Huang Cheng Cheong Choy Appointed 26 March 2024
Appointed 26 March 2024
Charity number 516097 Registered and principal address Bankers C/o Bishop Young C of E Academy Barclays Bank plc Bishop Way Vicar Lane Business Centre Seacroft 1 The Headrow Leeds Leeds LS14 6NU LS1 1JS
Registered in England and Wales
Independent examiner
Kay Sargeant ACA West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is governed by a constitution adopted on 20 January 1985 as amended 18 May 2003.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
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Leeds Chinese Community School
Trustees' report (continued) for the year ended 31 August 2024
Objectives and activities
The charity's objects
The advancement and promotion of education in the culture, traditions and language of China amongst the public, and in particular Chinese adults and children resident in the county of West Yorkshire.
The advancement, promotion and teaching of the public, in particular Chinese adults and children resident in the said area.
To provide recreational activities pursuant to the provisions of the Recreational Charities Act 1958.
To relieve persons in the area of benefit, who are in conditions of need, hardship and distress.
The charity's main activities
Provides out of school hours activities for school age children, e.g., Chinese language lessons (both Mandarin and Cantonese), Chinese Dance, Taekwondo, Tai Chi etc. in Leeds and districts. We also provide Chinese language lessons for adults and promote Chinese culture amongst the local community.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education, promotion of social inclusion, cultural understanding and diversity and community development.
Achievements and performance
Leeds Chinese Community School (LCCS) resumed face-to-face teaching at Bishop Young CoE Academy in September 2022. All language classes are operational, alongside activity classes such as children's dance, adult dance, and music. Cultural events and activities are held throughout the year. Presently, we host 22 classes, serving 203 pupils with the support of 30 teaching volunteers.
In 2023-24, LCCS achieved outstanding exam results, with all Cantonese GCSE students scoring top grades and strong performances in Mandarin GCSE. The school hosted a range of cultural workshops, including dance, calligraphy, and singing. Major events included Chinese New Year celebrations. Students actively participated in national competitions, winning awards in calligraphy, greeting card, and Faichun design contests.
Financial review
The net receipts for the year were £29,493, including net receipts of £29,493 on unrestricted funds and net receipts of £0 on restricted funds.
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Leeds Chinese Community School
Trustees' report (continued) for the year ended 31 August 2024
Reserves policy
The charity's free reserves, at the year end were £163,098.
The primary objective of the reserve policy is to fortify the financial stability and sustainability of Leeds Chinese Community School, given our reliance on tuition fees as the primary source of income. Unlike organisations with regular funding, our charity school depends heavily on the consistent flow of tuition fees to meet operational needs.
The charities reserves policy is to maintain reserves at a minimum of 1 year and a maximum of 2 years' worth of annual expenditure, factoring in a 10% inflation rate. Based on the annual expenditure for 2024/25 financial year of £62k this means reserves would be in the range of approximately £68k and £136k.
The trustees acknowledge the current reserves are in excess of the maximum specified in their policy by approximately £27k and are committed to strategically allocating funds for impactful initiatives, including teacher retention scheme, additional management team hours for handling increased workload, training and development, cultural events, school outings, equipment upgrades and accessibility initiatives.
In addition, discounted rates received in rent and room hire are due to be withdrawn in the current financial year, and therefore costs are expected increase further, and therefore this excess is currently being held as a buffer, until the full cost is known.
Approved by the board of trustees on 23/3/2025
Fiona Kit (Trustee)
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Leeds Chinese Community School
Independent examiner's report to the trustees of Leeds Chinese Community School
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2024, which are set out on pages 6 to 9.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kay Sargeant ACA
7/4/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Leeds Chinese Community School
Receipts and payments account
for the year ended 31 August 2024
| Notes 2024 Unrestricted funds £ Receipts Grants and donations (2) 11,591 Tuition fees 57,989 Other fees and charges 16 Events and activities 3,615 Exam fees 3,744 Bank interest 351 Total receipts 77,306 Payments Freelance, volunteer staff and related costs 20,548 Travel 71 Printing and stationery 137 Books and publications 4,077 Insurance 1,541 Independent examination 495 Bookkeeping 563 Equipment 2,184 Food 914 DBS checks 396 Rent and room hire 8,400 Exam fees 2,269 Events and activities 4,054 Other administrative costs 101 Awards and prizes 1,612 Software and website costs 451 Total payments 47,813 Net receipts / (payments) 29,493 Fund balances brought forward 133,605 Fund balances carried forward (3) 163,098 |
2024 Restricted funds £ 1,200 - - - - - 1,200 - - - - - - - - - - - - 1,200 - - - 1,200 - - - |
2024 Total funds £ 12,791 57,989 16 3,615 3,744 351 78,506 20,548 71 137 4,077 1,541 495 563 2,184 914 396 8,400 2,269 5,254 101 1,612 451 49,013 29,493 133,605 163,098 |
2023 Total funds £ 2,022 31,959 42 3,080 672 107 37,882 16,371 205 251 2,670 815 384 450 799 1,850 192 7,203 2,919 1,135 413 1,775 342 37,774 108 133,497 133,605 |
|---|---|---|---|
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Leeds Chinese Community School Statement of assets and liabilities
| as at 31 August 2024 2024 Unrestricted £ Cash funds Cash at bank 163,098 Total cash funds 163,098 Debtors and prepayments Prepayments Assets retained for the charity's own use Various mobile phones and laptops Classroom equipment Liabilities Accruals |
2024 Restricted £ - - |
2024 Total £ 163,098 163,098 2024 £ 142 142 2024 £ 6,078 6,078 |
2023 Total £ 133,605 133,605 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 23/3/2025
Fiona Kit (Trustee)
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Leeds Chinese Community School
Notes to the accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Leeds Chinese Community School
Notes to the accounts continued
for the year ended 31 August 2024
| 2 Grants and donations Leeds City Council (LCC) Other donations 3 Restricted funds Leeds Inspired (LCC) Fund name Leeds Inspired (LCC) |
2024 2024 2024 2023 Unrestricted Restricted Total Total funds funds funds funds £ £ £ £ - 1,200 1,200 - 11,591 - 11,591 2,022 11,591 1,200 12,791 2,022 Balance b/f Incoming Outgoing Transfers Balance c/f £ £ £ £ £ - 1,200 1,200 - - - 1,200 1,200 - - Purpose of restriction Funding for eight free workshops (four Chinese flag dance and four calligraphy and Chinese painting), two exhibitions, and two public events during the Lunar New Year period in 2024. |
|---|---|
4 Related party transactions
Trustee expenses
During the year 5 trustees were paid a total of £2893 in respect of tuition (previous year: 7 trustees and £2,439).
| Trustee remuneration and benefits Details of remuneration and benefits Name of trustee or related party Legal authority Bei Gao (Exam fees) Governing document |
2024 £ 1,000 1,000 |
2023 £ 1,000 1,000 |
|---|---|---|
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